2024:32 Humanomics

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 18 April 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The majority of my tribe, economists have been getting it wrong for decades, if you go back and look at economic research from the seventies, nobody is talking about coming inequality. Yet inequality afflicts the West, dominating politics. This week, in a not-so-groundbreaking revelation, Ben Bernanke's report on the Bank of England's failures shows us how out-of-touch economists really are. Economists need to get out more, mix a bit, walkabout more! A blind faith in mathematical precision has clouded our judgment. Humans are messy and economics is about humans, so let's be messy.

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Transcript

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0:00.0	Ads, schmads. If you don't want ads, that's okay. Choose the Dave MacWilliams plus option on Apple Podcasts.
0:07.7	And hey, presto, no ads.
0:11.7	How did the dog sneak out? When did that parcel vanish? Who was outside last night?
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1:20.2	To understand the economy, you have to understand human nature.
1:25.7	This podcast is powered by ACAST.
1:29.4	How are you doing there?
1:30.5	It's time for the podcast.
1:34.6	We've just had a little interprovincial bit of around criticizing Munster people from being Anthony Lentzer.
1:35.9	Yeah, yeah, yeah.
1:36.5	We all should come together and wear the green jersey, John.
1:39.6	What can't we all just get on?
1:41.2	Exactly.
1:41.8	John is the Rodney King of podcasting.
	...

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